St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-06-23

A RTICLES OF INCORPORATION OF THE
n st. Paul Belt Railroad Company-We,
the undersigned, do hereby associate our
selves together for the purpose of forming,
creating and organizing corporation purstf-
ant OF the provisions of chapter 81 of the
General Statutes of the State of Minnesota,
and the several acts amendatory thereof, and
do hereby. adopt and sign the following
ARTICLES OF incorporation
First-The name of said corporation is and
shall be the ''St. Paul Belt Railroad Com
pany.'
The general nature of the business of said
corporation shall be to construct maintain
ana operate the railroads hereinafter men
TONED for public use in the conveyance OF
persons and property, tO-wit:
line OF railway of standard gauge with
one or more tracks extending from a con-
yenient point of junction with the tracks of
the st. Paul Union Depot company at or near
the center OF Third street. IN the city OF st.
Paul, according to the recorded plat thereof;
thence. upon the most feasible route, in
general northerly and northwesterly direc-
uon, TO point of junction with the
so,eaiied Minneapolis, Sault Ste. Marie &
Atlantic railway, hereafter to be located,
within the town Of White Bear, sO-called,
together with one branch from such line ex-
tending i'll an easterly direction to point of
junction with the so-ealled Minnesota, st.
Croix d Wisconsin railroad in the town Of
New Canada, and another branch extending
from such line in general westerly direc-
tlon from some convenient point thereupon,
licredltcr 10 be lOcateQ, 10 Il point OF 1uflo-
ton with the tracks and property of the
Minnesota Transfer Railway company, so
called, said main line and branches being
severaIly and respectively within the county
OF Ramsey and State of Minnesota.
Also line of railway of standard
gauge with one or more tracks
extending from some convenient point
upon the Minnesota & Northwestern
railroad. so called hereafter to be located,
within the county of Ramsey or the county
OF Dakota in said State of Minnesota, thence
upon the most feasible route in general
westerly and northwesteFly direction. TO
point of junction with the tracks of the Chi
cago, Milwaukee & ST. Paul Railway COM
pany and the Minneapolis & st. Louis Rail-
way company and the Minneapolis Il Pacific
Railway company and the Minneapolis
Eastern Railway company, at or near the
city of Minneapolis, so called, within the
county of Hennepin and State of Minnesota.
The principal place of tranSacting the bust
ness of said corporation shall be and is here
by established and located at the city of
Saint Paul in the State OF Minnesota.
Second-The time of commencement of
| said corporation shall be and is the date of
| the completed filing, recording and publica-
ton of these articles, and said corporation
sh@I continue for g. period of fifty years
| from and after said time.
Thlrd-The amount of capital stock of said
| corporation is one million five hundred
thousand S1,5O0,000) dollars, and the
same shall be paid in when, and as, and in
such manner as the board of directors may
by resolution require. subject to the preVi-
| SiOns of law i'll that behalf.
FOtlrth-The highest amount of indebted
ness or liability to which said corporation
| shall at any time be subject is five million
| (S5,000,000) dollars.
| Fifth-The names and places of residence
| of the persons forming this association for
incorporation are as follows: Edmund Rice,
| Jr., residing at ST. Paul, Minnesota; William
G. CASTOR, residing at st. Paul, Minnesota;
William Dawson, Jr., residing at St Paul,
Minnesota; John H. Morrison, residing at
| St. Paul, Minnesota; Edwin a. Jaggard, re-
| siding at st. Paul, Minnesota.
Sixth-The names of the first board of
| directors are as follows; Edmund Rice, Jr.,
| William G. CASTOR, William Dawson, Jr.,
| John II. Morrison and Edwin A. Jaggard.
| The government of the corporation and the
| management of its affairs shall be vested i'll
a board of directors, five (5) in number, who
| shall be chosen by the stockholders at the
| upon such day in each year as shall from
time to time be designated by the bylaws of
the corporation. Only stockholders shall be
| eligible to be directors.
The board of directors shall. at their first
| meeting, elect president, vice president, sec
| rotary and treasurer, who shall severally and
respectively perform such duties as are
| usually performed by like officers of similar
| corporations, as well as special duties from
time to time assigned to them by the board
| of directors.
| The board of directors shall have all the
| power and authority in and about the man
! agement of the affairs of the corporation now
| vested or hereafter to be vested in similar
bodies by the laws of Minnesota now in force
| or hereafter to be established, each director
| shall hold his office until his successor is
| elected and qualified. All officers of the
corporation shall be stockholders.
| Seventh-The number of shares of the
| capital stock of the st. Paul Belt Railroad
company is fifteen thousand 15,OO0) and
! each share is and shall be of the par value Of
| one hundred (S1O0) dollars
| In witness whereof, the persons forming
| this association for incorporation of the St.
Paul Belt Railroad company have hereunto.
| each for himself, set their hands and seals
| this thirteenth (I3tlD day of June in the
| year of our Lord one thousand eight hundred
| and eighty-seyen.
| EDMUND RICE, Jr FSeal1
| WILLIAM q. CASTOR, fSealf
| WILLIAM DAWSON. Jr., fSeal.f
JOHN Fl. MORRISON fSealt
EDWIN A. JAGGARD fSeal
SIGNED and scaled i'm tho r,raSanca nf.